Anglo American and Teck Resources have announced a landmark merger, set to become the second-largest mining merger in history, creating a global powerhouse in critical minerals and copper production. The deal, officially unveiled on September 9, 2025, will see both companies combining as equals to form a new entity, “Anglo Teck,” with a market capitalization exceeding $53 billion. The merger reflects the ongoing industry trend toward consolidation as miners seek scale and capabilities to meet rising global demand for minerals essential to the clean energy transition and emerging technologies.

Under the terms of the agreement, Anglo American shareholders will own approximately 62.4% of Anglo Teck, while Teck shareholders will hold about 37.6%. Although headquartered in Canada to preserve Teck’s legacy, the new firm’s primary stock listing will be in London, highlighting Anglo American’s British roots and global footprint. This merger strengthens positions in top mining jurisdictions, such as Canada, Chile, South Africa, and the UK.

The combined portfolio will emphasize copper, with over 70% of output devoted to this critical metal, placing Anglo Teck among the world’s top five copper producers. Copper is vital to electric vehicles, renewable energy infrastructure, and data centers—sectors projected for rapid growth over the next decades. Alongside copper, the company will maintain robust iron ore and zinc assets, ensuring diversification.

CEO Duncan Wanblad of Anglo American, who will lead Anglo Teck, hailed the merger as “a unique opportunity to unite two well-regarded companies with complementary portfolios and shared values.” He highlighted expected synergies of around $800 million in annual pre-tax cost savings by the fourth year post-merger, with operational efficiencies at adjacent Chilean mines Quebrada Blanca and Collahuasi projected to add $1.4 billion in annual EBITDA by 2030. Teck CEO Jonathan Price will serve as Deputy CEO, underscoring the balanced leadership approach.

Industry analysts view the merger as a strategic response to escalating competition among miners aiming to dominate sustainable mineral supply chains. The deal follows recent acquisition attempts in the sector, including bids for Teck by Glencore and interest in Anglo American by Australia’s BHP.

“This merger allows the new Anglo Teck to invest agilely, scale innovation, and enhance environmental, social, and governance (ESG) performance while securing critical supply for future technologies,” said mining analyst Sarah Collins. However, challenges remain in securing regulatory approvals, with expectations that clearance could take 12-18 months.

The merger will preserve significant operational roles across Canada, South Africa, and the UK, with corporate offices in Vancouver, London, and Johannesburg. The combination promises to leverage Anglo American’s successful portfolio transformation and Teck’s strengths in responsible resource development.

In summary, the Anglo American-Teck Resources merger marks a transformative moment in mining by creating a leading critical minerals champion poised to drive a cleaner and more connected global economy. Investors and stakeholders anticipate pronounced growth, efficiency gains, and resilient value creation as the new Anglo Teck navigates the evolving demands of energy transition metals.

Next steps include progressing through regulatory reviews, integrating operations, and advancing copper projects at scale in Chile and beyond, positioning Anglo Teck among the mining sector’s most influential entities in the coming decades.

This merger underscores the increasing strategic importance of copper and critical minerals in the global economy, reshaping mining industry dynamics amid sustainability imperatives and technological shifts.Anglo American and Teck Resources officially announced a landmark merger on September 9, 2025, poised to become the second-largest mining merger in history. The deal unites two global mining giants, creating Anglo Teck—a new entity valued at over $53 billion and positioned as a top-five copper producer worldwide. This merger underscores the growing strategic importance of critical minerals and copper amid the accelerating global clean energy transition.

Under the terms of the agreement, Anglo American shareholders will own approximately 62.4% of Anglo Teck, with Teck shareholders holding 37.6%. While headquartered in Canada to honor Teck’s legacy, Anglo Teck’s primary stock listing will be in London, reflecting the historical ties of Anglo American. The combination strengthens operations across Canada, Chile, South Africa, and the UK, targeting some of the world’s most favorable mining jurisdictions.

Copper, used extensively in electric vehicles, renewable energy infrastructure, and data centers, will represent more than 70% of Anglo Teck’s output. The companies aim to leverage their complementary portfolios to capitalize on expected surges in demand for clean energy metals. In addition to copper, Anglo Teck will maintain a robust portfolio of premium iron ore and zinc assets.

Duncan Wanblad, CEO of Anglo American and future CEO of Anglo Teck, described the merger as “an exceptional opportunity to combine two highly respected companies that share core values and complementary capabilities.” The merger is expected to deliver $800 million in annual pre-tax cost savings by its fourth year. This includes operational synergies from adjacent Chilean copper mines Quebrada Blanca and Collahuasi, projected to add $1.4 billion in annual EBITDA by 2030.

Teck’s CEO Jonathan Price will take on the role of Deputy CEO of Anglo Teck, evidencing a balanced leadership structure. Price noted, “This natural progression positions Anglo Teck to be a formidable leader in the critical minerals space with strong growth options.”

The deal arrives amid a wave of consolidation in the mining sector, with companies seeking scale to meet swiftly growing mineral demand while improving sustainability credentials. Anglo Teck aims to continue leading in responsible mining practices while delivering superior shareholder value.

Industry analysts emphasize the strategic timing of the deal as the world pivots to decarbonization technologies requiring vast amounts of copper and other minerals. Market watchers expect regulatory approvals to take 12 to 18 months.

This merger sets a new benchmark for mining industry consolidation, creating a globally influential company committed to powering the green economy of the future. With wide geographic reach, diversified minerals exposure, and strengthened capital markets position, Anglo Teck is well placed for long-term leadership.

Next steps involve securing regulatory consent, operational integration, and advancing copper growth projects. Stakeholders look to Anglo Teck to drive efficient, sustainable, and value-accretive growth in the years ahead.